Wave Analysis

Perfectly as previously forecasted, Ethereum rallied higher during the previous trading day but failed to hit our target set it 581.83. We still expect a momentum towards this level and even a breakout above it, to pick a long position with our next target being at 730.80. On the hourly chart above, if you’re not already in a long position, you could wait for a break above 581.80 to look for a long position with your target being 730.80. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upper side with an ultimate target at 730.80.

Trade Recommendation:

Buy a break above 581.82 towards 730.80.

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